Conwoman Melissa Caddick’s luxury and designer collection to go up for sale

The trappings of Sydney conwoman Melissa Caddick’s luxury lifestyle are expected to be sold to help pay back cheated investors.

Luxury items owned by vanished Sydney conwoman Melissa Caddick are expected to be put on sale to help pay back swindled investors.

An extensive collection of designer necklaces, watches and handbags hint at the extravagant lifestyle enjoyed by the 49-year-old prior to her downfall.

Caddick went missing in November 2020 after her Dover Heights mansion was raided by police on behalf of ASIC over a $23m Ponzi scheme.

Among a long list of items being eyed by liquidators are Cartier necklaces, Louis Vuitton handbags, four Canturi pouches containing pearls, a charm bracelet and earrings, a Chanel purse and a range of Dior clothing including five hoodie jumpers, t-shirts and a pair of navy blue shorts.

Caddick was not shy about flaunting her top of the range bling despite paying for it by ripping off her closest friends and family.

Just part of the collection has been estimated at well into the hundreds of thousands of dollars with the total value likely much more.

Melissa Caddick and husband Anthony Koletti lived a lavish lifestyle on the proceeds of defrauding investors. Supplied via 7News

Receiver, Bruce Gleeson said possession of the items had already been transferred to liquidators by the court and permission to sell the items would be sought in the coming weeks.

“We anticipate filing a further and separate application with the Federal Court in the coming weeks so we can obtain further orders enabling us to realise the jewellery, clothing, and other remaining items,” he said.

It comes as Caddick’s parents were engaged in a standoff with investors over a Sydney apartment they say was gifted to them by their daughter.

Caddick’s investors wrote to the Federal Court expressing concern that Caddick’s parents were seeking preferential treatment.

Ted and Barbara Grimley live in the Edgecliff apartment and say their daughter gave it to them.

Justice Brigitte Markovic read the letter but said on Monday the investors would need to approach the court formally if there was a dispute between them and Caddick’s parents.

The Grimleys claim they had an agreement with their daughter to live in the Edgecliff apartment rent-free for the remainder of their lives. There’s no suggestion of wrongdoing by them.

They also gave her $1.1m to reduce the mortgage but the court previously heard Caddick spent the cash on herself, including on a diamond ring.

The home that formerly belonged to Melissa Caddick.

A statement from Jones Partners, the liquidators of Caddick’s estate, said the firm would continue to negotiate with Caddick’s parent over the Edgecliff apartment.

“The receivership property also includes the Edgecliff property which is currently occupied by the parents of Melissa Caddick.”

“The Parents have asserted an interest in the Edgecliff Property. We are continuing negotiations with the Parents via their solicitors regarding resolution of such interest. Ultimately if such negotiations cannot be resolved, then an application will be required for the Federal Court to determine the Parent’s interest.”

As part of the Receivership Property, the current plan for the apartment is for it to be sold before funds are split between spurned creditors.

The Grimleys’ barrister, Robert Newlinds, said the letter from the investors was “misconceived”.

“If someone wants to contest my clients’ propriety claim, I’ll say it openly, they should bring it forward and we’ll have that case,” Mr Newlinds said.

“We don’t propose to correspond with out-of-pocket investors.”

Mr Koletti sat in the back of the court room as it was decided the Dover Heights mansion he shared with his wife would go up for sale.

Caddick’s husband, Anthony Koletti, was in court on Monday and sat at the back of the room as Justice Markovic granted approval for Mr Gleeson to proceed with the sale of the couple’s Dover Heights home.

The house was bought in 2014 for $6.2m and still has a mortgage of more than $4m.

Valuations on the house range from $10m to $17m.

The Dover Heights home bought by con woman Melissa Caddick. Picture: John Grainger

Justice Markovic granted the application to use funds from the sale to discharge the mortgage on the Edgecliff apartment, with the rest to be placed in the liquidators’ trust account.

“The orders obtained in the Federal Court today enable us to proceed to realise the Dover Heights Property with our continued focus on getting the property ready for sale,” receiver Bruce Gleeson said.

An inquest into Caddick’s presumed death will begin on September 12.